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Billionaire Gautam Adani Weighs $5 Billion Equity Fundraise to Help Deleverage

  • Tycoon’s group approached funds including Mubadala, ADIA
  • Indian conglomerate has challenged criticism of debt ratios
Gautam Adani
Gautam AdaniPhotographer: Edwin Koo/Bloomberg
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Indian billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage, people familiar with the matter said.